aj485’s Activity

Today

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Boards Post

aj485 replied to the Tax Strategies board. 46 minutes ago

Re: 529 - Relatives' State

Could I then give my brother some money to put in the 529, give his wife some money, my aunt some money.. etc... thus getting the money in a tax haven for my daughter and letting them all reap the immediate state tax benefits for this [more]

Sun Jul 26

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Boards Post

aj485 replied to the Foolish 401(k)s board. 7:34 PM

Re: 401K Options?

Some companies do have automatic 401k plans that are essentially not optional. So perhaps a mistake was made meaning you are participating in a 401k and the funds are yours whenever you leave the company.

If the company cannot find
[more]

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Boards Post

aj485 replied to the Foolish 401(k)s board. 6:51 PM

Re: 401K Options?

As I stated in another response to this, the company is corrupt and no one will do anything about them. They have stolen money from me and refuse to refund what they have stolen from me.

They are definitely corrupt.


No, the [more]

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Boards Post

aj485 replied to the Foolish 401(k)s board. 6:48 PM

Re: 401K Options?

To make a long story short, I "opted out" of their 401K, as instructed, per the companies instructions on how to do it, when I started this job. They saw fit to go ahead and take money out of my pay without my consent, regardless, and [more]

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Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 5:33 PM

Re: Car loan or Credit card to improve score?

i>signatory = authorized user. on both the Lowes and the Key Bank account. Lowes is not listed on either of my credit reports.


student loans have always been on time payments and they are listed on both credit [more]

Sat Jul 25

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Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 9:56 PM

Re: Car loan or Credit card to improve score?

TU ha listed 2 credit cards :
Chase card which was closed in 2007 by credit grantor
Elan financial which is actually my father's card that I had signatory on. This card is closed and transferred.


So TU has no open [more]

Fri Jul 24

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Boards Post

aj485 replied to the Foolish 401(k)s board. 9:13 AM

Re: 401K Options?

I would like to sign up with a 401K, unfortunately the one the company I work for has is governed by an outside company that is very corrupt.

Corrupt in running the 401(k)? If so, you should report the plan administrator to the [more]

Tue Jul 21

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Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 1:15 AM

Re: a real budget

for a single person, her tax rate looks like 33% (based on hourly rate & billable hours)
plus SS withholding @ 15.3%
so (unless I am missing something)48.3% is pretty close to 50% and doesn't seem that high.


If those [more]

Mon Jul 20

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Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 9:57 AM

Re: Savings Account Question

Retail money market funds will not be impacted by this rule.

But then you need to look at the definition of what retail funds vs. institutional funds are:

Retail money market funds are essentially owned by individual [more]

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Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 9:46 AM

Re: Savings Account Question

Additionally I think theoretically, the NAV of MM's can go below $1.00 (break the buck). So your $1 deposit could be less than $1, again theoretically.

Nope. The new rules referred to by the Investopedia article you referenced are for [more]

Sun Jul 19

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Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 3:27 PM

Re: a real budget

ANNUAL CONFERENCE/OFFICE SUPPLIES/MISC
Yes, $3k is about right. I might split it with a partner firm, but don't want to count on it. That's my only annual expense I am mentally committed to. Misc stuff can come out of office
[more]

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Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 1:23 AM

Re: a real budget

Annual conference @ $3600 each year - is that really what you will need?

Pass through on the taxes - have you discussed the 50% set aside with your tax advisor? Just wondering because if you the withholding from your paycheck is 38%, bumping [more]

Sat Jul 18

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Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 7:26 PM

Re: Car loan or Credit card to improve score?

I realized that I had forgotten to comment on this.

3. Don't apply for anything right now, and Apply for a car loan later. and hope that my credit score will go up with time and my not doing anything. (seems like wishful thinking to [more]

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Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 11:47 AM

Re: What I spent/saved today

Thanks for putting the time into reallocating my budget with the cuts I've made. That was really kind of you to put so much effort into it. I am printing this and I will use it when I re-do my budget today.

You're welcome. I had hoped [more]

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Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 11:30 AM

Re: Car loan or Credit card to improve score?

I recently purchased a new used vehicle from a dealer. (2012 Nissan Versa) Due to various reasons I ended up putting 10k on a 0% interest 15 month deal on a credit card.

Okay, so this card is open and reporting on your credit report. [more]

Fri Jul 17

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Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 6:39 PM

Re: What I spent/saved today

I am pretty sure I included the 14k loan in my list. It is in YNAB at any rate.

It was not in the list of debts you provided on the first thread:

Debt
Credit Cards $7200 ($2500 in default that I'm not actively
[more]

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Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 2:58 PM

Re: What I spent/saved today

Car "loan" is actually unsecured and from a friend. I told them I would continue to pay the loan as agreed. I'd rather owe this person than the IRS.

Then you need to add the $14k 'unsecured loan from friend' to you list of [more]

Thu Jul 16

NL

Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 11:11 AM

Re: What I spent/saved today

Okay, I'm confused. How do we get from this:

On the car, I meant to also say that I owe $14k. It will only sell for $8-9k. Yes, I know that's horrible. My ex-DH is an idiot. Anyhow, payment is $500, I have 30 months less. Interest is [more]

Wed Jul 15

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Boards Post

aj485 replied to the Bonds & Fixed Income Investments board. 7:03 PM

Re: Screening for preferreds?

Let's think about that AJ.

Suppose you have a $1000 of preferred paying 8%. That's $80/yr and the amount paid is fixed.

If market interest rats rise to 10%, the $80 payment makes the shares worth $800. Their market value falls to
[more]

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Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 10:09 AM

Re: doing some thinking

Current Business Expense for Rent $1400/mo
Rent received from future roommate $1000/mo
Savings $1000/mo


Okay, so on the $4700/month target for cuts, this is a good step. You are now down to looking for an additional $3700. A [more]

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Big gold star, 5000 posts Feste Award Nominee! Old School Fool
Board Posts 8723
Recs Received 31825
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Recs to Posts Ratio (last 30 days) 7.80
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Very First Post Re: Attention all Immigrants denied credit (6/17/1999)
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